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Fly News Breaks for October 21, 2019
Oct 21, 2019 | 09:29 EDT
SunTrust analyst Jennifer Demba lowered her price target on Iberiabank to $80 after its Q3 results on Friday and also reduced her FY20 EPS view to $6.70 from $7.23 to reflect the company's lower net interest margin assumption. Demba is still keeping her Buy rating however, forecasting Iberiabank's cost of deposits to decline in Q4 and noting that the bank's asset quality remains "excellent".
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